Plan Ledger DOL Form 5500 · updated monthly

Maine Dartmouth Family Medicine Residency403(b)

MAINE DARTMOUTH FAMILY MEDICINE RESIDENCY 403(B) PLAN · AUGUSTA, ME · plan year 2024

Reported admin expense ratio · 2024
0.40%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Maine Dartmouth Family Medicine Residency reported $107,995 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $6,066 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.35% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 108th-largest of 354 plans among Maine employers on file, and the 1,307th of 3,091 in educational services. In 2024, employees put in $1.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,192,815
Participants with balances174
Active participants123
Employer contributions$746,092
Employee contributions$1,313,746
Employer contribution per active participant$6,066
Average account balance$167,775
Benefits paid to participants$342,755
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.2M · 174 accts · $746K emplr
2023$24.3M · 163 accts · $737K emplr
2022$19.5M · 156 accts · $688K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,840
Investment management$77,155
Total administrative$107,995
Employer contributions to the Maine Dartmouth Family Medicine Residency plan · 2024
Employer contribution per active participant$6,066
Median for plans this size$2,416
2024$6,066 per active participant
2023$6,353 per active participant
2022$5,417 per active participant

Maine Dartmouth Family Medicine Residency's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
ASCENSUS · Recordkeeping · Loan processing$18,840
EP WEALTH ADVISORS · Investment advisory (plan) · Other services$77,155
BERRY DUNN MCNEIL & PARKER, LLC · Accounting / audit$12,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$107,995 · 0.40%
2023$76,296 · 0.35%
2022$61,715 · 0.35%
Same employer
Similar plansEducational Services · Maine
Husson University ME$67.0M · 0.17%
Berwick Academy ME$36.4M · 0.12%
College of the Atlantic ME$36.3M · 0.12%
Thomas College ME$23.1M · 0.16%
Unity College ME$20.4M · 0.09%
Gould Academy ME$17.9M · 0.15%
Kents Hill School ME$17.4M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010369195 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.